News > US govt, 48 states sue Facebook for abusing market power to ‘crush’ smaller competitors
US govt, 48 states sue Facebook for abusing market power to ‘crush’ smaller competitors
Times Now | 10/12/2020 09:28 AM | Click to read full article
The US government and 48 states have filed parallel lawsuits against Facebook, accusing the social media giant of anti-competitive conduct.
The bipartisan coalition led by New York attorney general Letitia James alleged that Facebook has engaged in a systematic strategy to eliminate threats to its monopoly. This includes its 2012 acquisition of up-and-coming rival Instagram, its 2014 acquisition of the mobile messaging app WhatsApp and the imposition of anti-competitive conditions on software developers.
